The red line is the units sold and is the most significant value. Unit sales in June 2008 were 123, in 2007, they were 186 and in 2006 they were 207. In 2009, June unit sales of homes in Vilas and Oneida Counties were a disappointing 79 units. We are selling 38% of the homes that we were in 2006 and 64% of what we were in 2008.
This is normally our prime selling season. Our inventory is excellent and there are terrific values out there. There simply are not many buyers.
We were more optimistic about the second half of 2009 but I'm afraid that our expectations were set too high. Other areas of the country are rebounding but there is a definite downward trend here right now. If you are a Seller that is not good news as further discounting will be necessary. If you are a Buyer, this is excellent news as terrific buys are out there and more will be coming.
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